MTECHTIPS MCX NICKEL INTRADAY trading tips 08-06-2017

MTECHTIPS Mcx Nickel trading range for the day is 561.6-581.8.Nickel dropped tracking LME prices ended down 0.6 percent at as weaker than expected German manufacturing data that pointed to lower demand.Global nickel miners are coming under renewed pressure to cut costs or close capacity as a flood of cheap ore pushes prices to one-year lows.Russia reported declines in exports of nickel during January-April when compared with a year ago.